Banks

25 Oct 2021, 21:17

CCI approves HDFC Bank's acquisition of 4.99% stake in HDFC ERGO General Insurance Company

Fair trade regulator CCI on Monday approved HDFC Bank's acquisition of 4.99 per cent shareholding in HDFC ERGO General Insurance Company. In Jun...

25 Oct 2021, 10:47

Bad loans at ICICI Bank have never been this low in the last seven years

Shares of ICICI Bank surged over almost 10% to hit one year high of ₹827 as investors cheered the lender’s strong profit gro...

23 Oct 2021, 18:08

ICICI Bank net profit rises 25% on lower provisions in September quarter

ICICI Bank on Saturday reported 24.7 per cent rise in consolidated net profit at Rs 6,092 crore for September quarter 2021-2...

21 Oct 2021, 16:06

IDBI Bank's net profit jumps 75% despite higher provisions

IDBI Bank on Thursday reported a rise of 75 per cent in its net profit for Q2FY22 on a year-on-year basis. The bank's net profit rose to Rs 567 crore...

19 Oct 2021, 13:46

Bad loans of India's banks to rise to 8-9% this year, says CRISIL

Gross non-performing assets (NPAs) of banks will rise to 8-9 per cent this fiscal, well below the peak of 11.2 per cent seen at the end of fiscal, ra...

18 Oct 2021, 22:18

India’s central bank imposes ₹1 crore penalty on the country’s biggest lender

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1 crore on State Bank of India, the country’s largest len...

12 Oct 2021, 14:45

RBI has barred one of the country's top auditors from looking at the books of any company regulated by the central bank

The Reserve Bank of India is beginning to execute its enforcement framework announced in 2018 that brought no...

10 Oct 2021, 12:20

OPINION: RBI sticks to its stated trajectory but stands ready to act

The Reserve Bank of India (RBI) maintained status quo on policy rates as well as its accommodative stance in its fourth bi-m...

08 Oct 2021, 11:06

Now you can transfer ₹5 lakh in a day via IMPS

The new IMPS limit is ₹5 lakh per day, up from the previous limit of ₹2 lakh. The new limits come into effect from today, October 8, although banks h...

05 Oct 2021, 16:21

Kotak Mahindra Bank gets approval from the government to collect direct, indirect taxes

Kotak Mahindra Bank Ltd (KMBL) has received approval from the government for collection of direct and indirect taxes, such a...

30 Sep 2021, 18:13

Srei Group may leave a $4 billion hole in some of India’s biggest lenders

Most Srei Group’s lenders have either already recognised it as a non-performing account, or are planning to do so over the n...

30 Sep 2021, 10:39

Indian Overseas Bank lost six years and half its business to clean up its bad loans but the market is cheering

Shares of Indian Overseas Bank scaled new heights, as the Reserve Bank of India (RBI) lifted it out of its pr...

29 Sep 2021, 13:48

Employees of CBS bank in Kerala to stage a three day strike from Wednesday

Demanding wage revision and halting anti-labour policy, employees of the Kerala-based CSB Bank will stage a three-day strike...

29 Sep 2021, 08:01

OPINION: How to make India’s bankruptcy resolution process faster and more efficient

During the month of August 21, the August Standing Committee on Finance submitted its report on the implementation of the In...

26 Sep 2021, 13:37

India needs 4-5 more SBI sized banks, says Nirmala Sitharaman

India needs a lot more banks and a lot more large sized ones to meet the growing needs of the country, says Finance Minister Nirmala Sitharaman said ...

22 Sep 2021, 17:46

Indian financial system steadily maturing, as it moves away from banks, says RBI Governor Shaktikanta Das

While banks have been the primary channels of credit in the economy, recent trends suggest an increasing role of non-banking...

22 Sep 2021, 13:58

Opinion: The creation of a bad bank helps banks but not necessarily the bankrupt

The structure of the bad bank is different from the conventional ARCs wherein the management of the stressed asset and the p...

22 Sep 2021, 12:57

Two years after the PMC Bank crisis, depositors of stressed banks to get up to ₹5 lakh by December

Depositors of 21 stressed Indian banks can withdraw funds up to ₹5 lakh by December. As per DICGC’s instructions, banks will...

20 Sep 2021, 12:29

Kotak Mahindra Bank to buy about 10% in KFin Technologies for ₹310 crore

Post the deal announcement, Kotak Mahindra Bank’s shares rose to its highest in the last 12 months. KFin Technologies claims...

16 Sep 2021, 18:50

India's bad bank gets government nod — green lights NARCL with ₹30,600 crore guarantee

The cabinet today approved a central government guarantee to the tune of up to ₹30,600 crore, wherein NARCL will buy bad loa...

14 Sep 2021, 15:25

Indian banks could have more than ₹10 lakh crore non-performing assets by March 2022

The gross non-performing assets (GNPAs) of banks are expected to cross ₹10 lakh crore by March 2022, a ASSOCHAM-Crisil joint study had said.

06 Sep 2021, 19:30

One of India's top banks allows same-sex couples to have joint accounts and removes gender-specific dress code

Axis Bank has become one of the first banks to announce new policies and practices for its customers and empl...

30 Aug 2021, 15:56

Here is a list of bank holidays in September 2021

Keeping track of bank holidays is necessary to ensure an uninterrupted flow of finances and banking functions in personal, professional, business and...